What does the recent announcement about NCO mean?
An offer was made by a private equity sponsor, One Equity Partners (“OEP”), in conjunction with Michael Barrist, to buy NCO for $27.50 per share of NCO Group, Inc. stock. Whereas NCO is currently owned by its public shareholders, if the transaction is completed the Company would be owned by OEP, Michael Barrist and members of executive management who chose to invest. Put simply, NCO will no longer be a public company; it will be a privately-owned company. Q) Why do I keep hearing the term “merger”? A) Because of the way this transaction is structured it is considered a merger between a newly formed privately-owned company and the existing public company. Q) Was the offer accepted? A) Yes, NCO’s Board of Directors believes the merger agreement is fair and in the best interests of NCO and its shareholders. Q) What happens next? A) In the coming weeks, NCO will file a preliminary proxy statement with the SEC. This statement will contain information about the transaction and will be availa
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- What does the recent announcement about NCO mean?
